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PART 3ADMINISTRATION

CHAPTER 7Administrator’s proposals

Notice of extension of time to seek approval

3.40.—(1) Where the court orders an extension to the period set out in paragraph 51(2) of Schedule B1, the administrator must deliver a notice of the extension as soon as reasonably practicable to each person mentioned in paragraph 49(4) of Schedule B1.

(2) The notice must contain identification details for the insolvency proceedings and the date to which the court has ordered an extension.

(3) The administrator is taken to have complied with paragraph (1) as regards members of the company if the administrator publishes a notice complying with paragraph (4).

(4) The notice must—

(a)be advertised in such a manner as the administrator thinks fit;

(b)state that members may request in writing a copy of the notice of the extension, and state the address to which to write; and

(c)be published as soon as reasonably practicable after the administrator has delivered the notice of the extension to the company’s creditors.